Market Overview
Home Prices in Gatesville, NC
The median home value in Gatesville, NC is $227,945 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 12.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gatesville are priced44% below average. Gatesville is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Gatesville home values have risen by approximately35.1%, reflecting strong long-term appreciation in this market.
Price History
Gatesville Home Price Trend
City Comparison
Gatesville vs. National Median
At $227,945, homes in Gatesville cost 44% below the national median of $410,000. This makes Gatesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gatesville?
20% Down Payment
$45,589
on $227,945
Monthly P&I
$1,189/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,510/mo
incl. taxes & insurance
Income Needed
$60,400
gross annual (30% rule)
10% Down Option
$22,795
+ PMI applies
Loan Amount (20% dn)
$182,356
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gatesville, NC?
The median home value in Gatesville is $227,945 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Gatesville?
Over the past year, home values in Gatesville have increased by 8.2%. Over five years, prices have risen approximately 35.1%.
How much do I need to earn to buy a home in Gatesville?
To comfortably afford the median home price of $227,945 with a 20% down payment ($45,589) at today's rates (6.8%), you'd need a gross annual income of approximately $60,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Gatesville compare to the national average home price?
The national median home value is approximately $410,000. At $227,945, homes in Gatesville are 44% below the national average.
What metro area is Gatesville part of?
Gatesville is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.